The Contract Of Sale is the agreement between the Seller and Buyer wherein the terms of the sale of real property are established. Also commonly referred to as a Purchase And Sale Agreement.
A mortgage loan originator or MLO is a licensed person or company who facilitates the mortgage process from application through closing.
The Nationwide Multistate Licensing System or NMLS is the system of licensure for mortgage companies and mortgage loan originators (MLO) in the United States.
A Certified General Appraiser has completed at least 300 hours of appraisal education and accumulated 3,000 hours of experience (at least 1,500 in non-residential appraisal work). Bachelor's degree or higher from an accredited university is required.